Group pushes extension of wind tax credits
Lisa Linowes, of the Industrial Wind Action Group, argued it is an unnecessary credit that largely benefits corporate investors and wind project owners. She said the real driver behind wind energy in recent years was state mandates that expanded the market for wind energy and other renewable energy sources. ..."The idea that wind is going to create and sustain jobs if the PTC is extended is largely industry hype and not substantiated by any performance data."
April 30, 2012
by Matt Sanctis
in Springfield News-Sun
Experts say without the extension, 37,000 wind workers will be laid off
URBANA - A wind advocacy group is pushing members of the U.S. House of Representatives to extend the Production Tax Credit, arguing thousands of wind energy jobs could disappear if the credit is allowed to expire Dec. 31.
Critics believe the credit is unnecessary, largely benefits investors and owners, and argued state mandates are the real incentive that has led to much of the industry's recent growth.
The program provides an income tax credit of 2.2 cents per kilowatt-hour for electricity produced from utility-scale wind turbines.
Wind energy has been controversial in... [continue via Web link]